Abstract:

Wealth is being created in Asia at an unprecedented pace. In 2006, five of the top ten countries with the fastest growth in millionaires are Asian, including the top three; Singapore, India and Indonesia. The number of Asian billionaires grew 32% in 2007, double the growth rate for the rest of the world, which was 16%.These growth numbers are exciting enough, coming from a recent low base. But is there a critical mass?